It shouldn't be a problem Buzzbee.

If you haven't paid off the secured finance you'll not be the owner of the vehicle.

Hi TDA,

That would be great news but RSM Tenon had advised differently at the start of my Trust Deed. I guess I can put this to them!

Thanks...

What was it you were told Buzzbee?

Just that they'd take the value of the car, minus any remaining finance and if the difference was over £3,000 I'd have to make up the difference or continue with my payment to cover it.

I was wondering if that would be the full £4,500 or £1,500...

Just read on here as well that RSM Tenon have went into administration...I assume someone would still be in touch re my disclosure?

You'll need to speak with Apex Debt Solutions Buzzbee. Many of the same people are still working there.

If there was likely to be a chunk of equity in the car (subject to remaining finance) I can see the logic in drawing it in this way. More importantly, if this is what you and your creditors consented to at the start then I'm sure it will need to be dealt with.

We'd be guessing at the details though, so best to check it with Apex.

Ok, thanks. I'll drop em a note.

Thanks for your quick replies 😉